Exceeds Commitment to Increase Dividend by at Least 50 Percent Over
Three-Year Period Through 2019
Celanese Corporation (NYSE:CE), a global chemical and specialty
materials company, today announced that its board of directors has
approved a 15 percent increase in the company’s quarterly common stock
cash dividend.
The dividend increased from $0.54 to $0.62 per share of common stock on
a quarterly basis and from $2.16 to $2.48 per share of common stock on
an annual basis. The new dividend rate will be effective immediately.
“Today’s announcement marks the tenth consecutive year of dividend
increases, reinforcing our commitment to consistent dividend growth as
one element of our strategy to maximize shareholder value creation. Over
the most recent three-year period, we have increased the dividend by 72
percent, exceeding the commitment we made in 2017. Looking forward, we
have a high degree of confidence in our ability to grow earnings and
cash flow to support continued annual increases in the dividend in line
with our earnings growth,” said Mark Rohr, chairman and chief executive
officer.
The company also declared a quarterly cash dividend of $0.62 per share
on its common stock, payable on May 9, 2019 to stockholders of record as
of April 29, 2019.
About Celanese
Celanese Corporation is a global technology leader in the production
of differentiated chemistry solutions and specialty materials used in
most major industries and consumer applications. Our businesses use the
full breadth of Celanese's global chemistry, technology and commercial
expertise to create value for our customers, employees, shareholders and
the corporation. As we partner with our customers to solve their most
critical business needs, we strive to make a positive impact on our
communities and the world through The Celanese Foundation. Based in
Dallas, Celanese employs approximately 7,700 employees worldwide
and had 2018 net sales of $7.2 billion. For more information about
Celanese Corporation and its product offerings, visit www.celanese.com
or our blog at www.celaneseblog.com.
All registered trademarks are owned by Celanese International
Corporation or its affiliates.
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